Developing new quality productive forces to modernize industrial system

China will strive to modernize the industrial system and develop new quality productive forces at a faster pace, according to a Government Work Report submitted on Tuesday to the national legislature for deliberation.

China will give full rein to the leading role of innovation, spur industrial innovation by making innovations in science and technology and press ahead with new industrialization, so as to promote a new leap forward in the productive forces, according to the report delivered by Premier Li Qiang at the opening of the second session of the 14th National People's Congress in Beijing.

The country will consolidate and enhance its leading position in industries such as intelligent connected new energy vehicles, step up development of hydrogen power, new materials, innovative drugs, and other cutting-edge sectors, according to the report.

Meanwhile, China vows to foster new growth engines in fields such as biomanufacturing, commercial spaceflight, and the low-altitude economy, the report added.

The country also vowed to digitalize the manufacturing sector and fast-track the large-scale application of the industrial internet. Meanwhile, it will also promote the digitalization of the service sector, build smart cities and digital villages, and launch an initiative to promote digitalization of small and medium-sized enterprises, the report added.

Xu Guanju, a deputy to the National People's Congress and chairman of Transfar Group, a leading chemicals manufacturer, said he was inspired by the country's efforts in developing new quality productive forces in the government work report.

Xu said the report pointed out the direction of relying on technological innovations to drive development, and relying on quality instead of quantity to improve manufacturing, Xu said.

"It will inspire us to prioritize quality improvement and technological breakthroughs to boost our competitiveness on the global stage," he said.

Lei Jun, a deputy to the National People's Congress and chairman of Xiaomi Corp, said China's emphasis on cultivating new quality productive forces will motivate companies to embrace higher-end, greener and smarter manufacturing.

"Smart manufacturing has become an important engine for upgrading traditional industries and cultivating emerging industries. With the continuous development of smart manufacturing, China's position and competitiveness in global industrial chain will further be consolidated and strengthened," Lei said.